Montreal-based Maestro Retirement Residences Fund II, LP was formed in November 29, 2002, as an investment fund that specializes in the residences for senior citizens sector, primarily in the provinces of Québec and Ontario and possible the provinces of Alberta and British Columbia. Investors in the fund include two pension funds, Le Régime de Rentes du Movement Desjardins and La Fiducie Globale des Régimes complémentaires de retraite de la Société de transport de Montreal, Cadim Fonds Inc., a subsidiary of CDP Capital – Real Estate Advisory (previously Cadim), and the promoter, Maestro. The investors agreed to contribute an aggregate of $40 million to the fund.
Ogilvy Renault in Montréal acted as counsel to the fund in connection with the formation of the fund, with a team comprised of Françoise Denault (corporate), Jules Charette (tax) and Christine Dubé (securities). Gascon & Associés in Montréal acted as counsel to the promoter Maestro, and to the fund in connection with the acquisition of properties from the third-party vendors, with a team comprised of Jean Proulx, Danèle Lalande and René Gauthier.
Ogilvy Renault in Montréal acted as counsel to the fund in connection with the formation of the fund, with a team comprised of Françoise Denault (corporate), Jules Charette (tax) and Christine Dubé (securities). Gascon & Associés in Montréal acted as counsel to the promoter Maestro, and to the fund in connection with the acquisition of properties from the third-party vendors, with a team comprised of Jean Proulx, Danèle Lalande and René Gauthier.
